CoverGo raises $6 million to expand its AI insurance platform

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Hong Kong insurtech company CoverGo raised $6 million in the first close of its Series B round, led by Betatron Venture Group. The funds will be used to develop an AI-native insurance platform and expand into more markets. Following the round, the company’s total funding has exceeded $30 million; since completing its $15 million Series A round in 2022, revenue has grown tenfold and the company has reached EBITDA break-even. CoverGo currently serves 25 institutional clients across 15 countries.